International Trade in Russia

International Trade in Russia

Russia was hit hard by the international financial crisis and in 2009 reached a record recession since the fall of the Soviet block (-7.9%). The recovery in 2010 was strong (4% growth according to estimates), driven by fuel exports and domestic demand stimulated by the increase in... Read more

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Market Analyses About Russia (610)

Import and Export Services in Russia (1,523)

  • MediatorRus IMA

    MediatorRus IMA

    Market Entry, Russia

    Would you like to develop your business on the Russian market but do not know how to start? Contact us, it will be the first step to your...
  • Universal Consensus

    Universal Consensus

    Cross-Cultural Training, Russia

    Universal Consensus is a global business advisory firm specilized in cross-cultural consulting whose mission is to help clients to...

Business Tips About Russia (81)

Agents and Distributors in Russia (96)

  • Global International Co., Ltd

    Global International Co., Ltd

    Export Management, Russia

    We sell mineral water, wood pellets, pine timber.
  • Intersolution, Ltd.

    Customs Brokerage, Russia

    Intersolution Ltd. (Saint-Petersburg, Russia) provides business support, outsourcing and consulting services in the field of foreign...

Overview About International Trade in Russia

Main Industry Sectors

Russia has a wealth of natural resources. It is the leading producer of natural gas and the second producer of oil in the world, as well as being one of the main producers and exporters of diamonds, nickel and platinum.
Despite its surface area, Russia has a relatively small amount of land suitable for agriculture because of unfavorable climatic conditions. The country nevertheless owns 10% of the global agricultural lands. The northern regions of the country concentrate mainly on livestock and the southern regions as well as western Siberia produce cereals.
Industry represents more than a third of Russia's GDP and employs up to 30% of the population. The country inherited most of the Soviet Union's industrial bases. The most well developed sectors are chemicals, metallurgy, mechanical construction and defense sectors.
The service sector employs more than 60% of the population and generates slightly under 60% of the GDP. After the 1998 financial crises, the banking sector has not yet undergone a complete restructuring. Given the size of the country, the transport, communications and also trade sectors are particularly significant.

 

Economic Overview

Russia was hi...

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